PUNE, India, November 26, 2015 /PRNewswire/ --
The report "Emission Monitoring Systems Market by System Type (CEMS, PEMS), Element, Vertical (Power Generation Plant, Oil & Gas, Chemicals & Fertilizers, Cement, Metal & Mining, Pulp & Paper), and Region - Global Trend and Forecast to 2020", published by MarketsandMarkets, is estimated to reach USD 2.81 Billion by 2020, at a CAGR of 10.4% between 2015 and 2020.
Browse 69 market data Tables and 64 Figures spread through 152 Pages and in-depth TOC on "Emission Monitoring Systems Market".
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Factors which are driving the emission monitoring systems market include stringent legal and environmental regulations, increased awareness about environmental protection needs, increasing health and safety issues, and growth of oil & gas and petrochemical industries.
EMS is expected to lead the emission monitoring systems market
CEMS is expected to account for highest market size in the emission monitoring systems market during forecast period. The rise in stringent rules and regulations regarding pollution monitoring across various industries has increased the market of CEMS. Further, the increasing demand for process control improvements is another factor contributing to the growth of the CEMS market.
The market for PEMS is expected to grow at the highest CAGR between 2015 and 2020
The market for PEMS is expected to grow at a high CAGR due to the fact that PEMS requires low capital expenditure as well as much lower operational and maintenance cost. Thus, a majority of manufacturers prefer PEMS over CEMS.
APAC expected to hold the largest market share and witness rapid growth during the forecast period
APAC accounted for the largest share of the emission monitoring systems market in 2014; the market in the region is expected to grow at a high CAGR between 2015 and 2020. The growth is attributed to increasing industrialization and urbanization in the APAC region. Further, stringent air pollution regulations and growth in power generation companies in emerging countries are key factors responsible for the increasing adoption of emission monitoring systems.
Major players involved in the development of emission monitoring systems include ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric (U.S.), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Parker Hannifin Corp. (U.S.), Teledyne Technologies Inc. (U.S.), and Thermo Fisher Scientific Inc. (U.S.) among others.
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This research report categorizes the global emission monitoring systems market based on system type, element, vertical, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the emission monitoring systems market. The Porter's five forces analysis has been included in the report with a description of each of its forces and their respective impact on the emission monitoring systems market.
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